Many people are grateful to hear that the unscrupulous Larry Bates and his FAMC precious-metals venture are being stopped by the American courts. Bates has accumulated a flock of angry victims and invited the justice of The Lord.
But the angst that we feel for the many people who lost big chunks of their investment nest eggs, or worse, to Bates' deceitful practices also prompts us to remind our clients and everyone else: You need to be very discerning about where you invest money in gold and silver, and who helps you make those investments.
The shameless rise of Bates and FAMC was an illustration of how shady the metals industry has become overall with the emergence of so many new dealers over the last several years. They are in it for greed, plain and simple. And many of them can get away with victimizing innocent clients because sales of gold and silver are mostly unregulated in this country. So, many dealers specialize in selling the highest-priced products to un-knowing buyers.
We understand such deceitful practices because we have helped many clients escape or avoid them. We have shown them how the right strategy is to move into gold and silver instruments that are easily bartered, such as common issues of coins, instead of high-cost rare coins that wouldn't be useful in the coming economic depression.
We advise our fellow Americans once again that they are going to need to use gold and silver to get what they need as soon as the dollar disintegrates and the economic markets crash as they did in 2008 with much worse results.
However, since only 2 percent of Americans are reported to own precious metals of any kind, there is a lack of knowledge among brokers about exactly what precious metal instruments people should buy and why. Our target is to help customers overcome this ignorance. We make certain that our clients pick the best financial investments.
Bates used to shamelessly exploit this lack of knowing for his very own piggishness. And there remain a lot of precious-metals dealerships-- others like Bates and FAMC--who say they work under "Christian" concepts but are lying.
We understand the role that the demise of the dollar plays in Biblical prophecy. We explain how the Bible tells us, in Revelation 18, that gold and silver will be used as currency until the end. We are educators for new investors about why they should own God's Money, and how to go about it wisely.
But the angst that we feel for the many people who lost big chunks of their investment nest eggs, or worse, to Bates' deceitful practices also prompts us to remind our clients and everyone else: You need to be very discerning about where you invest money in gold and silver, and who helps you make those investments.
The shameless rise of Bates and FAMC was an illustration of how shady the metals industry has become overall with the emergence of so many new dealers over the last several years. They are in it for greed, plain and simple. And many of them can get away with victimizing innocent clients because sales of gold and silver are mostly unregulated in this country. So, many dealers specialize in selling the highest-priced products to un-knowing buyers.
We understand such deceitful practices because we have helped many clients escape or avoid them. We have shown them how the right strategy is to move into gold and silver instruments that are easily bartered, such as common issues of coins, instead of high-cost rare coins that wouldn't be useful in the coming economic depression.
We advise our fellow Americans once again that they are going to need to use gold and silver to get what they need as soon as the dollar disintegrates and the economic markets crash as they did in 2008 with much worse results.
However, since only 2 percent of Americans are reported to own precious metals of any kind, there is a lack of knowledge among brokers about exactly what precious metal instruments people should buy and why. Our target is to help customers overcome this ignorance. We make certain that our clients pick the best financial investments.
Bates used to shamelessly exploit this lack of knowing for his very own piggishness. And there remain a lot of precious-metals dealerships-- others like Bates and FAMC--who say they work under "Christian" concepts but are lying.
We understand the role that the demise of the dollar plays in Biblical prophecy. We explain how the Bible tells us, in Revelation 18, that gold and silver will be used as currency until the end. We are educators for new investors about why they should own God's Money, and how to go about it wisely.
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